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59 Days on market
3 Essex Rd Belmont — Photo 1 of 38

3 Essex Rd Belmont — Photo 1 of 38

$2,399,000

Investment Analysis — 3 Essex Rd

Belmont, MA 02478 — Payson Park

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02478 carries an estimated $4,420/mo in gross rent — about a 0.78% cap rate and $18,798/yr in estimated NOI at the $2,399,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

4

SqFt

3,297

Style

Single Family

Built

1930

Charming five-bedroom, four-bath brick Colonial set on a sidewalk-lined street in Belmont’s desirable Benton Estates neighborhood. Manicured grounds, mature plantings, and an inlaid granite patio create timeless curb appeal and inviting outdoor space. A center-entrance foyer opens to gracious, light-filled living areas, including a formal living room and a renovated eat-in kitchen with a cozy breakfast nook that flows into a spacious dining area with oversized windows. The second floor offers a primary suite with a walk-in closet and private bath, plus two additional bedrooms and a newly renovated shared bath. The finished third floor includes two more bedrooms and a full bath, providing flexible space for guests, work, or hobbies. The walk-out lower level features a family room, home gym area, full bath with laundry, and generous storage. A detached two-car garage completes the property, all within easy reach of Cushing Square, local shops, and the Payson Park Reservoir.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,297 sq ft principal dwelling). Lot size: 6,417 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$2,399,000
Annual Taxes$21,512.19

Parking

Garage2
Off-Street5

Interior Specifications

Total Rooms11
Fireplaces1
FlooringTile, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingForced Air, Radiant, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle, Rubber
FoundationConcrete Perimeter
ZoningSC

Property & Lot

Acres0.15
SqFt Lot6,417
Lot FeaturesCorner Lot, Level

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Wine Refrigerator

Neighborhood

Public Transportation • Park • Sidewalks

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bedroom 5Bathroom 3
Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
First
Living RoomDining Room
Basement
Family Room
Main,First
Kitchen
Living Room
Lvl First

21 x 14

Beamed Ceilings, Flooring - Hardwood

Dining Room
Lvl First

15 x 11

Flooring - Hardwood

Kitchen
Lvl Main,First

21 x 12

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Recessed Lighting, Remodeled

Family Room
Lvl Basement

21 x 15

Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Recessed Lighting

Primary Bedroom
Lvl Second

15 x 15

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second

13 x 21

Bedroom 3
Lvl Second

13 x 10

Closet, Flooring - Hardwood

Bedroom 4
Lvl Third

15 x 13

Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood

Bedroom 5
Lvl Third

15 x 15

Skylight, Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood

Bathroom 1
Lvl Second

13 x 8

Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Marble, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second
Bathroom 3
Lvl Third
Listing Provided By

Listing Agent: The Toland Team

Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

MLS® Number: 73550712